We break down the latest crypto scam — this time targeting Robinhood CEO Vlad Tenev.
On July 23, 2026, unknown attackers gained access to Robinhood CEO Vlad Tenev’s X account. They posted about the launch of a meme coin called Vladhood, calling it the “official mascot of the Robinhood Chain network.“
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The post claimed the token would be added to the Robinhood app. The post drew more than 175,000 views in 20 minutes before being deleted.
According to blockchain analysts, the hackers made about 650 Ethereum (ETH), between $1.2 million and $1.3 million. The token was created just 46 minutes before the hack and flagged as a “possible scam” on the Robinhood Chain explorer.
Robinhood confirmed the breach and said it was working with X to restore access.
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How the Hackers Profited and What’s Known About the Fake VLAD Token
The VLAD token was launched on the Pons platform on Robinhood Chain just before the hack. Pons allows creators to collect trading fees without touching locked liquidity. The attacker used this mechanism six times, netting 31.6 ETH▲$1,761.17.
The proceeds, along with 72 million VLAD tokens, were spread across three new crypto wallets. MLM on-chain monitoring estimates total stolen at 650 ETH. The token generated about 13,273 transactions, with Uniswap trading volume exceeding $22 million in the first few hours.
Read more: Top 5 Robinhood Chain Memecoins to Buy in July 2026 Before the Next Crypto Rally
Robinhood’s Response and Hack Context: Meme Coins on Robinhood Chain
Robinhood confirmed the hack via its official Comms account:
“We’re working with X to restore access and the post has been removed”.
Tenev’s account has been restored. The incident comes as Robinhood Chain, launched on July 1, 2026, has seen explosive growth. The Ethereum-based network was built for tokenized stocks and real-world assets (RWAs), but meme coins quickly took the lead. Robinhood Chain processes about 6 million transactions per day, with DEX volume reaching about $9 billion–largely driven by high-risk meme coins.
Tenev had previously noted that the network “works great for memes too“–a line that was later used against him.
Learn more: How to Launch a Token on Robinhood Chain — Step-by-Step Guide
